Nuwellis Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
NUWE$4.58-1.7%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Current assets | ||
| Cash and cash equivalents | $1,907 | $3,800 |
| Accounts receivable | 1,293 | 1,951 |
| Inventories, net | 1,864 | 1,997 |
| Other current assets | 430 | 461 |
| Total current assets | 5,494 | 8,209 |
| Property, plant and equipment, net | 551 | 728 |
| Operating lease right-of-use asset | 563 | 713 |
| Other assets | 120 | 120 |
| TOTAL ASSETS | $6,728 | $9,770 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $1,822 | $2,380 |
| Accrued compensation | 597 | 525 |
| Current portion of operating lease liability | 232 | 216 |
| Other current liabilities | 50 | 51 |
| Total current liabilities | 2,701 | 3,172 |
| Common stock warrant liability | 480 | 2,843 |
| Operating lease liability | 368 | 544 |
| Total liabilities | 3,549 | 6,559 |
| Commitments and contingencies | ||
| Mezzanine Equity Series J Convertible Preferred Stock as of September 30, 2024 and December 31, 2023, par value $0.0001 per share; authorized 600,000 shares, issued and outstanding 95 and 11,950, respectively | 2 | 221 |
| Stockholders’ equity | ||
| Series A junior participating preferred stock as of September 30, 2024 and December 31, 2023, par value $0.0001 per share; authorized 30,000 shares, none outstanding | — | — |
| Series F convertible preferred stock as of September 30, 2024 and December 31, 2023, par value $0.0001 per share; authorized 18,000 shares, issued and outstanding 127 shares | — | — |
| Preferred stock as of September 30, 2024 and December 31, 2023, par value $0.0001 per share; authorized 39,352,000 shares, none outstanding | — | — |
| Common stock as of September 30, 2024 and December 31, 2023, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 1,866,890 and 162,356, respectively | — | — |
| Additional paid‑in capital | 300,546 | 290,647 |
| Accumulated other comprehensive income: | ||
| Foreign currency translation adjustment | (46) | (31) |
| Accumulated deficit | (297,323) | (287,626) |
| Total stockholders’ equity | 3,177 | 2,990 |
| TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | $6,728 | $9,770 |
Condensed Consolidated
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